Dear Sir/Madam, With reference to the captioned matter and in furtherance of submission of disclosure pertaining to non- applicability of Corporate Governance, we would like to reiterate that: 1. The paid up Equity share capital of the Company was Rs. 4,44,13,000 (Four Crores Forty Four Lakhs Thirteen Thousand Only) and provisional Negative net worth of the Company was Rs. 13,22,99,384 (Thirteen Crores Twenty Two Lacs Ninety Nine Thousand Three Hundred Eighty Four Only) as at March 31, 2022. 2. The Company does not have any material subsidiary as defined under Reg. 16(1)(c) of SEBI (LODR) Regulations, 2015. Accordingly, The compliance with the corporate governance provisions as specified in regulations 17, [17A,] 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) of sub-regulation (2) of regulation46 and Para C, D and E of Schedule V shall not apply.